Increasing numbers of management-level executives are finding themselves in work environments that are more competitive and less supportive than before. Globalization of business and the movement away from conglomerates and toward core businesses has meant that companies are demanding more and better performance from their managers, and firing those that do not meet expectations. Managers are being given less and less time to show results. Corporate loyalty is no longer important. Extensive experience is not even always valued as highly as tangible achievements or a creative and flexible approach. Firms specializing in the recruitment of managers are increasing their business by as much as 35 per cent a year.
2. If people were genuinely concerned about job insecurity, they would change their behaviour appropriately. They would study harder, save more, and retire later. But they do not. Therefore, they not really see job insecurity as a problem.